Credible expands into personal loans

Student loan facilitation and refinancing platform Credible is expanding into personal loans with a format which will look familiar to its clientele.

Borrowers complete one form before a soft credit inquiry not impacting credit score is made. Competitive loan offers from multiple lenders, including Prosper, Lending Club, Avant and Pave can then be compared on a single dashboard.

“We’re listening to our community of borrowers and responding by extending our multi-lender marketplace to include personal loans.”

A Prosper representative looks forward to reaching new groups of people.

“We’re excited to be among the first companies to join Credible’s personal loans marketplace,” Chief Business Officer Itzik Cohen said. “Prosper gives consumers access to fixed term, fixed-rate personal loans that can be used for everything from refinancing high-interest credit card debt, to funding a large purchase to paying for medical expenses. The Credible personal loans marketplace will help us educate more people how a loan through Prosper can help them take control of their finances and improve their lives.”